After a very expensive four-year run, Fashion's Night Out is over (in the U.S.). Tastefully launched during the peak of the 2009 recession, FNO was initiated to encourage spending by setting up a DJ booth in a Victoria's Secret, giving you a glass of bad champagne, and steering you towards some designer-y clothes. By last year, FNO had spread to over 500 cities in the U.S. and 30 internationally.

The event's sponsors—Vogue (Anna Wintour specifically), the Council of Fashion Designers of America, and NYC & Co.—have canceled FNO in the U.S. for 2013. They note this will allow designs to focus their budgets on specific projects, rather than shelling out a pretty penny to host the event.